First Farmers State Bank in city_name, state_name - Detailed Financial Reports, Location

First Farmers State Bank in Sullivan, Indiana (IN)
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First Farmers State Bank - Overview

General
FDIC Certificate #: 17456
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Financial Bank, National Association (#4382)
Federal Reserve ID: 760041
Date Established: August 13, 1955
WWW: http://www.first-online.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 8929
FDIC's unique #: 11445
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: August 13, 1955
Last Structure Change Effective Date: September 19, 2004
Last Structure Change Process Date: October 18, 2004
Last Data Update: October 18, 2004
Data Source Date: April 05, 2012
Location
Address: 15 South Main Street, Sullivan, IN 47882
County: Sullivan
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Terre Haute, IN (#45460)
CBSA Metro Statistical Area: Terre Haute, IN (#45460)
Financial Summary
Total assets: $183.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

Dollar figures in thousands
59Total employees (full-time equivalent)
$186,433Total assets
$4,307Cash and due from depository institutions
$0Interest-bearing balances
$44,815Securities
$0Federal funds sold & reverse repurchase agreements
$126,474Net loans & leases
$2,087Loan loss allowance
$0Trading account assets
$1,666Bank premises and fixed assets
$1,282Other real estate owned
$286Goodwill and other intangibles
$0Life insurance assets
$7,603All other assets
$186,433Total liabilities and capital
$167,348Total liabilities
$123,996Total deposits
$106,404Interest-bearing deposits
$123,996Deposits held in domestic offices
0.00%% insured (estimated)
$3,500Federal funds purchased & repurchase agreements
$0Trading liabilities
$39,273Other borrowed funds
$0Subordinated debt
$579All other liabilities
$19,085Total equity capital
$19,085Total bank equity capital
$19,085Perpetual preferred stock
$0Common stock
$350Surplus
$2,452Undivided profits
Memoranda
$16,283Noncurrent loans and leases
$10,020Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,282Earning assets
$0Long-term assets (5+ years)
$1,341Average Assets, year-to-date
$171,289Average Assets, quarterly
$57,801Volatile liabilities
$183,920Insider loans
$183,282FHLB advances
$16,063Loans and leases held for sale
$1,053Unused loan commitments
$39,273Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,020Total unused commitments
$35Restructured Loans and leases
$1,628Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$10,177Total interest income
$4,513Total interest expense
$5,664Net interest income
$300Provision for loan and lease losses
$1,313Total noninterest income
$0Fiduciary activities
$799Service charges on deposit accounts
$0Trading account gains & fees
$514Additional noninterest income
$3,737Total noninterest expense
$2,037Salaries and employee benefits
$394Premises and equipment expense
$1,306Additional noninterest expense
$2,940Pre-tax net operating income
$1Securities gains (losses)
$808Applicable income taxes
$2,133Income before extraordinary items
$0Extraordinary gains - net
$2,133Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$623Sale, conversion, retirement of capital stock, net
$837Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.99%Yield on earning assets
2.66%Cost of funding earning assets
3.34%Net interest margin
0.77%Noninterest income to earning assets
2.20%Noninterest expense to earning assets
1.16%Net operating income to assets
1.16%Return on assets (ROA)
1.60%Pretax return on assets
11.47%Return on equity (ROE)
6.97%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
48.15%Credit loss provision to net charge-offs
5.20%Efficiency ratio
53,132Assets per employee
3.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.24%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
91.45%Noncurrent assets plus other real estate owned to assets
1.91%Noncurrent loans to loans
1.78%Net loans and leases to deposits
102.00%Net loans and leases to core deposits
113.50%Equity capital to assets
10.24%Core capital (leverage) ratio
9.85%Tier 1 risk-based capital ratio
14.05%Total risk-based capital ratio
Memoranda
$15Average assets
$183,920Average earning assets
$18,591Average equity
$169,777Average loans

Total Fiduciary and Related Assets (December 31, 2003)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$16Managed Assets
1Number of Accounts
$16Personal trust and agency accounts
$16Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
3Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

First Farmers State Bank in Sullivan, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers State Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Total Fiduciary and Related Assets (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

First Farmers State Bank in Sullivan, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers State Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Total Fiduciary and Related Assets (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

First Farmers State Bank in Sullivan, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches